What does ceded premium mean
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∙ 12y agoNet Premiums written = Gross Written premium less deductions for commissions and ceded reinsurance.
The premium is the cost that you must pay to have the insurance.
No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.
Premium is an amount to be paid for an insurance policy or something given as an award.
Premium paid to reinsurers under reinsurance treaties to transfer a portion of the insurer's risk.
No, the insurance company will not cancel your insurance for having three accidents, but they will increase your insurance premium.
single premium life insurance: Single premium life insurance is a form of life insurance that's paid with one upfront lump-sum premium. Once you've purchased a single premium policy, you would receive a permanent death benefit that extends until you die.
The term premium volume is a measure of in-force business in a health insurance company. In-force business refers to the aggregate total of insurance policies which are being paid that a health insurance firm has on its record.
Having a high deductible will not cause your insurance premium to be higher.
debit insurance premium expensecredit cash / bank
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
"Net of commission" basis is where the quoted premium is reduced by an amount proposed to be the insurance agent's (or insurance broker's) commission.